Meal Kit Market

SKU: DMFB104 | Last Updated On: Oct 17 2022 | Available Formats

>Meal Kit Market is expected to reach a high CAGR 14.5% during the forecast period 2022-2029:

Meal Kit Market is segmented By Type (Regional Cuisine Meal Kit, Health- Conscious Meal Kit, Omnivore Meal Kit, Others), By Serving (Two Serving, Family/Four Serving, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029.

Meal Kit Market is expected to grow at a high CAGR 14.5% during the forecasting period (2022-2029).

The Meal Kit Market was valued at USD xx million in 2018. The research at DMI yielded diverse opinions about the global market with the Meal Kit Market forecast valuation pegged at USD xx million by 2026.

Meal Kit Market

Metrics

Details

Market CAGR

14.5%

Segments Covered

By Type, By Serving, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

Market Growth

  • Overscheduled lifestyles and increasing disposable income have driven the market for meal kit boxes. The 35-44 age group is the primary consumers of the meal kits, followed by the 18-34 age group. They prefer meal kits to save time in planning and preparation of the meal. This is one of the significant factors to choose the meal kits over home-cook or the restaurant foods.
  • With the growing e-commerce in the food industry, the market for meal kits online subscription has also created an opportunity to bloom the market in the coming years. Also, the investment in subscription boxes is highly increasing over the past two years. The investor fundings for the start-ups of meal kits are further enhancing the opportunities in the market.
  • The advantages of eating healthier and fresh options have widened the scope of this market. The kits are also designed for the consumers based on specific diets such as vegan, gluten-free, etc. Moreover, the meal kits have an advantage over the home-cooked as they use unfamiliar yet healthy ingredients which are difficult to find in the stores. This also increases the source of nutrition obtained through the meal kits.

Drivers and Restraints

  • However, there are few concerns to consumers regarding the quantity of food served in the meal kit. They complain that it is not sufficient and also about the price surge in the market.
  • However, the busy lifestyles and increasing demand for ready-to-eat foods are guiding the consumers towards the meal kits market.
  • This market has seen some new entrants in the past five years.
  • The principal competitive factors among the players are price, packaging, geographical penetration, and types of diet meals. In the U.S. Blue apron and Hello fresh are competing vigorously regarding reach, price, and variety dishes.

Scope of the report

  • DataM analyses the complete scenario of the Meal Kit market with the help of market segmentation, geographical analysis, companies, trends, and opportunities in the market.
  • The market is categorized based on the types of sweeteners into Regional Cuisine Meal Kit, Health- Conscious Meal Kit, Omnivore Meal Kit, and Others. The market is segmented based on its source into Artificial and Natural. Based on the serving, the market is segmented by Two Serving, Family/Four Serving, and Others.
  • The report segments the geographies by region, which include North America, South America, Europe, Asia Pacific, and RoW.
  • The report covers the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles.

Key Players

The global meal kit market share is divided among the major players including Blue Apron, Plated, Hello Fresh, PeachDish, Gobble, Inc, Chef’d, LLC, Ahold, Gousto, Green Chef Corporation, The Purple Carrot, Terra’s Kitchen, and Sun Basket. This reports the profiles of the above-stated companies.

Key takeaways from this report

  • Visualize the composition of the Meal kits in the market across each indication, regarding type and applications, highlighting the vital commercial assets and players.
  • Identify commercial opportunities in Meal kits by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of the Meal kits market-level 4/5 segmentation
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
  • Product mapping in excel for the vital Meal kits products of all major market players.

Frequently Asked Questions

What is the Projected CAGR value of the Meal Kit Market?

Meal Kit Market is expected to grow at a CAGR of 14.5% during the forecasting period 2022-2029.

Which region controlled the global market during 2022-2029?

North America region Controls the Meal Kit Market during 2022-2029.

Which is the fastest growing region in the Meal Kit Market?

Among all regions, Asia Pacific is the fastest growing market share during the forecast period.

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